Ofo, the Chinese bike-sharing company, has been in the news lately for all the wrong reasons. The company has been facing financial difficulties and has been accused of mismanagement. Amidst all this controversy, the founder of Ofo, Dai Wei, has introduced a new coffee brand called “About Time.”
According to reports from Pandaily, the new coffee brand is aimed at providing high-quality coffee to consumers at an affordable price. The brand is said to be inspired by Dai Wei’s personal experience of drinking coffee during his travels around the world.
The launch of “About Time” comes at a time when Ofo is facing a lot of criticism from its customers and investors. The company has been accused of failing to pay its suppliers and employees on time, and there have been reports of bikes being abandoned on the streets.
Despite all these issues, Dai Wei seems to be optimistic about the future of Ofo. In a recent interview with Pandaily, he said that he believes that the bike-sharing industry still has a lot of potential and that Ofo will continue to grow and expand.
However, many people are skeptical about the future of Ofo. The company has already pulled out of several international markets, and there are concerns that it may not be able to survive in the long run.
The launch of “About Time” may be seen as a way for Dai Wei to diversify his business interests and reduce his reliance on Ofo. It remains to be seen whether the new coffee brand will be successful, but it is clear that Dai Wei is not giving up on his entrepreneurial ambitions.
In conclusion, the launch of “About Time” is an interesting development in the ongoing saga of Ofo. While the bike-sharing company may be facing a lot of challenges, its founder is still looking for new opportunities to grow and succeed. Whether or not “About Time” will be a success remains to be seen, but it is clear that Dai Wei is not afraid to take risks and try new things.
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- Source: https://zephyrnet.com/ofo-founder-launches-new-coffee-brand-about-time-amid-controversy-pandaily/